Specialty pharmaceutical company China Pharma Holdings Inc. (CPHI) reported Friday a net income for the second quarter of $0.01 million or $0.00 per share, compared to a net loss of $0.84 million or $0.02 per share in the prior-year quarter as a result of a foreign trade of COVID-19 testers completed in the second quarter of 2020.

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Specialty pharmaceutical company China Pharma Holdings Inc. (CPHI) reported Friday a net income for the second quarter of $0.01 million or $0.00 per share, compared to a net loss of $0.84 million or $0.02 per share in the prior-year quarter as a result of a foreign trade of COVID-19 testers completed in the second quarter of 2020.

RTTNews | Aug 14, 2020 06:48AM EDT

06:48 Friday, August 14, 2020 (RTTNews.com) - Specialty pharmaceutical company China Pharma Holdings Inc. (CPHI) reported Friday a net income for the second quarter of $0.01 million or $0.00 per share, compared to a net loss of $0.84 million or $0.02 per share in the prior-year quarter as a result of a foreign trade of COVID-19 testers completed in the second quarter of 2020.

Revenue for the quarter surged 46.8 percent to $3.8 million from $2.6 million in the same quarter last year, mainly due to a foreign trade of COVID-19 testers.

Read the original article on RTTNews ( https://www.rttnews.com/3121521/china-pharma-swings-to-profit-in-q2-quick-facts.aspx)

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